Accelerating growth for the next three years
Also half on half for 2H2018
Chinese Runners’ Favorite Brand”
Ranked #1 among domestic brands in all three of the top marathons in China
Strong net cash position
RMB 2,864.6 million of Net cash and cash equivalents, equivalent to 51.9% of net assets
Strong retail sale-through
1Q2018 SSSG low-teens, 2Q2018 SSSG mid-teens; reaching double digit growth for the first time since the Group began reporting SSSG in 1Q2013
Hit Running Product
Developed one of the most popular running shoes in China that sold more than 1 million pairs since its launch in March
Trade Receivables Turnover Improved
Trade receivables turnover days further reduced 17 days to 113 days since 31 December 2017, RMB 22.8 million of provisions written-back
Full control of retail channel
Healthy inventory level, rapid market response, increased sales efficiency and enhanced profitability

High Dividend Payout ratio
Increased to 54.5% for 1H2018, maintained high dividend payout of above 50% since listing in 2008
True omni-channel retail
E-commerce contributed more than 20% of the Group’s revenue and Xtep brand was again the top sales by volume in running footwear products on Tmall in 1H2018